Resmed Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - Resmed Inc (RMD) revealed earnings for its first quarter that advanced from the same period last year.

The company's profit totaled $120.1 million, or $0.83 per share. This compares with $105.7 million, or $0.73 per share, in last year's first quarter.

Excluding items, Resmed Inc reported adjusted earnings of $135.4 million or $0.93 per share for the period.

Analysts had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.8% to $681.1 million from $588.3 million last year.

Resmed Inc earnings at a glance:

-Earnings (Q1): $135.4 Mln. vs. $116.3 Mln. last year. -EPS (Q1): $0.93 vs. $0.81 last year. -Analysts Estimate: $0.87 -Revenue (Q1): $681.1 Mln vs. $588.3 Mln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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